3223 N. Albany Avenue, Chicago, IL 60618
Hot Avondale – Exceptional investment opportunity, this well maintained multi-unit building has endless possibilities. New construction all around the neighborhood. Keep as an armchair investment property or convert to a single family home. Many updates include vinyl replacement windows throughout, copper plumbing lines, renovated kitchens and bathrooms, updated gas forced air HVAC system in one unit. First and second floor unit have more than 1,000 square feet each. Tall attic space, ripe for a duplex up conversion. Rents well below market value, building has easily over a 6% cap rate potential. Just steps from Belmont Blue Line stop. Add this to your portfolio today or make it your home. Perfect owner occupied opportunity, live in one unit and have your tenants pay down your mortgage.
1st Floor Unit
Living Room
Tall windows with Western exposure allow for ample natural light.
Owner’s unit has been well maintained and recently freshly painted.
Dining Room
Notice the tall windows in the dining room.
Bring your design ideas, live in one unit and let the tenants from the other 2 units pay your mortgage.
Bathroom
The bathroom has been updated with modern white tile, new vanity and toilet.
Kitchen
The kitchen is large enough to accommodate an island or breakfast table.
Bedroom
All bedrooms in unit have closets and plenty of natural light.
Bedroom
All three bedrooms are spacious.
2nd Floor Unit
Living Room
Updates for this 2nd floor unit include new drywall and gas forced air heat system.
Dining Room
You will appreciate the tall ceilings in the 2nd floor apartment.
Kitchen
The owner has update all units including kitchens. Freshen up the cabinets and keep the rent coming.
Bedroom
Keep this unit as a 4 bedroom or combine two to make large master bedroom.
Bedroom
Large bedrooms and high ceilings will always keep this rental unit desirable.
Attic
Duplex up and combine two floors to make owners unit.
Possibilities are endless with the large attic space.
Attic unit has full bathroom with full height shower.
Laundry Room
Tenants not paying for laundry, owner leaving plenty of income on the table. Savvy new owners can generate much higher rental income.
Basement
The 1st floor unit has a boiler, the 2nd floor has gas forced air system.
Exterior Back
Backyard has patio pavers and ready for all your patio design ideas.
2 car garage can generate more income.
Additional Features:
Unit 1 Rent $1,200
Unit 2 Rent $1,200
Unit 3 Rent $900
2 Car Garage
Property Taxes $5,067
Contact Information:
Please contact Gary Lucido at 312 738 0232 for a showing. Click here to see our other Chicago Area Homes for Sale.